Am I being foolish?

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brainflux's picture
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Joined: 2005-07-18

 I am currently working as a genetic researcher in a HIV lab.  I busted my rump in the navy to acquire the gi bill in order to pay for school. While in school I had many sleepless nights studying for O-chem and bio exams. Now that I am working in the industry, I get paid less than I did when I worked at a movie rental store as an assistant manager. I've been accepted to grad school for genetics and biochemistry. However, I can't afford to go.
I'm tired of being poor. I've decided to put what little sales experience I have to use and have apply to several companies for an FC position. I have receive call backs from AGE and EJ. I'm curious as to what my chances are to get hired and if I'm being foolish in thinking i could get a job as a FC. Why would they want to choose to hire someone without a finance back ground? If hired what should I ask for my base pay while I'm in training.

usafa93's picture
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Joined: 2005-07-18

You are a "genetic researcher" who spent time "studying for O-chem and bio exams."
I don't think you'll have to much of a hard time quickly grasping all of the financial concepts.  I work with a middle markets group in fixed income, and a ton of people in this field have technical/engineering/science backgrounds.  A lot of them are prior military also.
From your very brief post, it seems your greatest challenge will be sales.  Remember, this is a sales job. You're going to need to convince people to trust you with their savings and financial future. No small and unimportant task.
As far as base pay - it can go anywhere from $35k to 60k.  I've heard of higher, but rarely.  It's usually on the low end.  Doesn't sound like much, but in a year or two you will not care about salary anyway.  If you make it, you'll be earning on your sales (wraps and commissions). 

brainflux's picture
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Joined: 2005-07-18

My sales experienced is limited to telecom sales. While working as an AE I surpassed all quotas, however the compnay was bought out after I worked there for 4 months. I was aiming to get into pharmaceutical sales, but I've decided  if I want to make money it would be best for me to work in money. I hope it isn't frowned upon when I inform my interviewer that I would like to make alot of it. Although I only worked in sales for 4 months, will my brief experience be enough to get me hired? 

executivejock's picture
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Joined: 2005-06-29

Hey man its never to late to give it a shot! The challenge is failure for new brokers is high, but those who do well enjoy the benefits!
 
Good luck to you!

brainflux's picture
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Joined: 2005-07-18

I had a brief phone interview and AGE filled out a background check form.
How good of a sign is this

maybeeeeeeee's picture
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Joined: 2005-02-24

Hi brainflux:
When I was interviewing I could get an interview and a job with ANYONE.  Especially the first round.  At the end, the only two I would go to were Raymond James and AGE.  Basically, because you are free to sell what the client wants and not what management is pushing on you.  I could never do this business if I didn't think I was doing the best for m'ty customer.  Check out Raymond James.  Forbes gave them the platinum award because they were named on the Best Management list for 10 years in a row.  Also, the people are VERY talented here.  and the owner has his name on the building so you know he cares.  We have excellent training and a superior research team.
TONS of ex military people here.  My manager is an ex army ranger.  Also, there was a Lt. Col. retired in one of the training classes.
Don't be afraid of the failure statistics.  It is a lucrative business and worth the try.
 

Marvin Maven's picture
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Joined: 2005-07-21

maybeeeeeeee wrote:
When I was interviewing I could get an interview and a job with ANYONE.  Don't be afraid of the failure statistics.  It is a lucrative business and worth the try.

Are you saying that Wall Street has such low standards that they will hire anybody?
From what you have said you barely passed the qualification exams, and your writiing does not reveal a really smart person so what qualifications did you have?

blarmston's picture
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Joined: 2005-02-26

"Are you saying that Wall Street has such low standards that they will hire anybody?From what you have said you barely passed the qualification exams, and your writiing does not reveal a really smart person so what qualifications did you have?"
Uh oh- Put's back... Wish I could say I missed you... Pathetic... you get kicked off the board and return a day later... The fact that you have been censored and thrown off and you still want more is amusing...

Marvin Maven's picture
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Joined: 2005-07-21

blarmston wrote:
"Are you saying that Wall Street has such low standards that they will hire anybody?From what you have said you barely passed the qualification exams, and your writiing does not reveal a really smart person so what qualifications did you have?"
Uh oh- Put's back... Wish I could say I missed you... Pathetic... you get kicked off the board and return a day later... The fact that you have been censored and thrown off and you still want more is amusing...

Asking questions makes the questioner Put?
Are you not offended by the idea that anybody would say that this profession is so lacking in standards that they could get a job with any firm?
I suppose there are people who are so well qualified that they could get a job anywhere, but I do not think that people like that barely pass qualification exams.
What do you think?  Is it your experience that it is possible to go into any firm in any city and get a job?  If so then you too must agree that Wall Street is not very selective in its hiring.

Coag's picture
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Joined: 2005-05-19

Put:
This just proves that you trully have no life. You are so desparate that you could not stay away. I have met people like you. They know that they are obnoxious, but they also know that if they weren't so replusive, they wouldn't get any attention. I hope the moderators get your ISP address this time, since you don't have the decency to honor their suspension.

Dewey Cheatham's picture
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Joined: 2004-12-01

Marvin Maven wrote:maybeeeeeeee wrote:
When I was interviewing I could get an interview and a job with ANYONE.  Don't be afraid of the failure statistics.  It is a lucrative business and worth the try.

Are you saying that Wall Street has such low standards that they will hire anybody?
From what you have said you barely passed the qualification exams, and your writiing does not reveal a really smart person so what qualifications did you have?

Maven,
Are you degreed and licensed?  If so it just appears that you are like many on this forum that have found out that your degree is worthless.  Apparently this causes you to lash out at those that have jumped through the same hurdles that you have to get to where they are in this industry and did it without a degree because they were smart enough, creative enough, and had enough personality to pass the muster.
A degree does nothing to quantify or qualify intelligence.  This is similar to how a marriage license does nothing to quantify or qualify love.  Both items are simply a piece of paper and mean nothing.  It is the intelligence or love within a particular person that cannot be determined from the piece of paper.  Those traits are determined by the tangible and intangible characteristics of intelligence and/or love that are found through personal observation.  If you can determine intelligence from looking at a piece of paper that reads B.S. in Finance from Whassamotta U. then you are dumber than you appear.
Dewey

brainflux's picture
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Joined: 2005-07-18

holy cow. what a strange, strange world I'm about to enter. I feel even better about wanting to break in. Thanks everyone for sharing your advice and personality quirks.

troll's picture
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Joined: 2004-11-29

You need therapy....

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